Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Company Industry Sector

Fundamentals

Margins Returns Growth Rates Metrics/Ratios

Valuations

Projections DCF DDM EPV Multiples Valuations

Miscellaneous

Indicators Charts WACC Beta Predictability

Mode

Company Industry Sector

Ticker

Industry

Sector

Fortnox AB (publ) (FNOX.ST)

Company Dividend Discount ModelIndustry: Software - ApplicationSector: Technology

Valuation Snapshot

Stable Growth$23.77 - $50.58$33.79
Multi-Stage$17.29 - $18.89$18.08
Blended Fair Value$25.93
Current Price$86.98
Upside-70.19%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS42.30%33.06%0.200.120.080.070.050.030.020.020.020.01
YoY Growth--67.12%49.59%6.99%52.59%42.98%40.16%27.67%25.00%23.08%8.33%
Dividend Yield--0.23%0.18%0.11%0.14%0.13%0.21%0.25%0.39%0.47%0.53%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)770.00
(-) Cash Dividends Paid (M)122.00
(=) Cash Retained (M)648.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)154.0096.2557.75
Cash Retained (M)648.00648.00648.00
(-) Cash Required (M)-154.00-96.25-57.75
(=) Excess Retained (M)494.00551.75590.25
(/) Shares Outstanding (M)609.85609.85609.85
(=) Excess Retained per Share0.810.900.97
LTM Dividend per Share0.200.200.20
(+) Excess Retained per Share0.810.900.97
(=) Adjusted Dividend1.011.101.17
WACC / Discount Rate9.98%9.98%9.98%
Growth Rate5.50%6.50%7.50%
Fair Value$23.77$33.79$50.58
Upside / Downside-72.67%-61.16%-41.85%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)770.00820.05873.35930.12990.581,054.971,086.62
Payout Ratio15.84%30.68%45.51%60.34%75.17%90.00%92.50%
Projected Dividends (M)122.00251.55397.43561.21744.61949.471,005.12

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.98%9.98%9.98%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)226.57228.72230.87
Year 2 PV (M)322.42328.56334.76
Year 3 PV (M)410.08421.85433.84
Year 4 PV (M)490.06508.90528.29
Year 5 PV (M)562.83590.02618.24
PV of Terminal Value (M)8,533.128,945.279,373.20
Equity Value (M)10,545.0811,023.3211,519.20
Shares Outstanding (M)609.85609.85609.85
Fair Value$17.29$18.08$18.89
Upside / Downside-80.12%-79.22%-78.28%

High-Yield Dividend Screener

« Prev Page 23 of 30 Next »
Ticker ⇵ Company ⇵ Dividend Yield % ▼ Dividend Per Share ⇵ Payout Ratio % ⇵
HUBBHubbell Incorporated1.14%$5.2632.54%
MATXMatson, Inc.1.14%$1.4210.47%
SNXTD SYNNEX Corporation1.14%$1.7418.66%
ARMKAramark1.13%$0.4233.95%
CVLGCovenant Logistics Group, Inc.1.13%$0.2521.30%
EQTEQT Corporation1.13%$0.6121.38%
WHDCactus, Inc.1.13%$0.5321.20%
CFBKCF Bankshares Inc.1.12%$0.2810.89%
LIILennox International Inc.1.12%$5.5923.57%
ROLRollins, Inc.1.12%$0.6661.92%
FELEFranklin Electric Co., Inc.1.11%$1.0734.36%
GOLFAcushnet Holdings Corp.1.11%$0.9124.93%
KOPKoppers Holdings Inc.1.11%$0.3037.27%
MWAMueller Water Products, Inc.1.11%$0.2721.86%
RSGRepublic Services, Inc.1.11%$2.3334.47%
0HOU.LBorgWarner Inc.1.10%$0.5080.60%
0K3H.LMotorola Solutions, Inc.1.10%$4.2033.55%
FBKFB Financial Corporation1.10%$0.6232.29%
AGCOAGCO Corporation1.09%$1.1623.05%
VREVeris Residential, Inc.1.09%$0.1626.28%
ALSNAllison Transmission Holdings, Inc.1.08%$1.0712.88%
CSVCarriage Services, Inc.1.08%$0.4514.21%
LFUSLittelfuse, Inc.1.08%$2.8359.57%
OSBCOld Second Bancorp, Inc.1.08%$0.2115.92%
TPXTempur Sealy International, Inc.1.08%$0.6242.01%
WSCWillScot Holdings Corporation1.08%$0.2117.16%
BVHBluegreen Vacations Holding Corporation1.07%$0.8018.69%
HNNAZHennessy Advisors, Inc. 4.875% Notes due 20261.07%$0.2721.11%
HTBHomeTrust Bancshares, Inc.1.07%$0.4612.57%
ZBHZimmer Biomet Holdings, Inc.1.07%$0.9623.70%
DOVDover Corporation1.05%$2.0612.63%
NDAQNasdaq, Inc.1.05%$1.0136.06%
0H9N.LAecom1.04%$1.0023.78%
BODYThe Beachbody Company, Inc.1.04%$0.101.61%
LYTSLSI Industries Inc.1.04%$0.1924.09%
UNTYUnity Bancorp, Inc.1.04%$0.5310.03%
CTVACorteva, Inc.1.03%$0.7029.41%
TJXThe TJX Companies, Inc.1.03%$1.5935.03%
ABCBAmeris Bancorp1.02%$0.7613.03%
CRAICRA International, Inc.1.02%$2.0523.94%
CTA-PBE. I. du Pont de Nemours and Company1.02%$0.7029.41%
FNWDFinward Bancorp1.02%$0.3633.06%
HSIIHeidrick & Struggles International, Inc.1.02%$0.6034.74%
LNGCheniere Energy, Inc.1.02%$2.0211.09%
0HTG.LCardinal Health, Inc.1.01%$2.0731.03%
0I4X.LCrown Holdings, Inc.1.01%$1.0312.58%
CMCCommercial Metals Company1.01%$0.7296.19%
TRTootsie Roll Industries, Inc.1.01%$0.3627.67%
KNXKnight-Swift Transportation Holdings Inc.1.00%$0.5259.68%
PNFPPinnacle Financial Partners, Inc.1.00%$0.9611.84%